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Archive for the ‘Poker’ Category

Rafe Furst and I were discussing my predisposition for staying in the cheapest hotel within walking distance of the hotel I actually play poker in despite having the resources to pay for the more expensive properties. The money I save just stays in a fungible heap of other money and isn’t really earmarked for anything. (more…)

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In “Game Theory: Can a Round of Poker Solve Afghanistan’s Problems?” Major Richard J.H. Gash creates a simple two player game to show how game theory can be used to influence military planning. Gash’s game involves two villages in Afghanistan with the choice to either support the “Coalition” or support the “Taliban.” The scoring of the game generates a payoff matrix that is similar to that of the Prisoner’s Dilemma with a non Pareto-optimal Nash equilibrium. Unfortunately, Gash oversimplifies the game to just one round. In reality, Afghan villages participate in multiple rounds of decision making, with the actual number of rounds unknown, leading to differing strategies and outcomes than those proposed by Gash.

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On Saturday I attended a fundraiser poker tournament for non-profit organization called DEF (Decision Education Foundation).  As it’s name implies, they are dedicated to helping individuals become better decision makers via the education system.  Their strategy is multifaceted, but their core goal at the moment is to introduce decision making explicitly into the curricula of primary and secondary schools around the country.  To do this, they first educate the educators on the components and process of making good decisions.
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Parrondo’s paradox is the well-known counterintuitive situation where individually losing strategies or deleterious effects can combine to win…. Over the past ten years, a number of authors have pointed to the generality of Parrondian behavior, and many examples ranging from physics to population genetics have been reported. In its most general form, Parrondo’s paradox can occur where there is a nonlinear interaction of random behavior with an asymmetry, and can be mathematically understood in terms of a convex linear combination.

From Developments in Parrondo’s Paradox (Derek Abbott)

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